It is good for kids to know about money at a tender age. They need to know the importance of money, how it works and how it is spent. This helps to prepare them well in advance to face a world that fully depends on money. Therefore, parents should teach their kids about money as soon as. There is no right age to start the lessons about money. Start as early as possible. The lessons that a person learns when he/she is you will define his/her money habits in future. Luckily, there are many money management sites for kids today. These sites have helped to easy the burden on parent that want to enlighten their children about money at an early stage. Here are the top 5 money management sites for kids;
1. Practical Money Skills
This is a financial literacy site that covers kids of all ages. It has finance articles, lesson plans and games. Interactive financial games such as financial football are not only fun to play but also teach kids about money related issues. Other games available include Ed’s Bank, financial soccer and RoadTrip. These games are just as engaging as the financial football.
2. Rick Kid Smart Kid
This website gives fee lesson to kids about wealth creation and finance. Here, future entrepreneurs are taught by Toki who uses for financial games. The games are designed to suit kids between Grade 12 and Kindergarten. The “Jesse’s Ice Cream Stand Game” is one of the games on this website that teaches the young ones how to make profits. ‘”Ima’s pay Yourself First” teach the kids how to use the money they have wisely. Other games available include Jesse’s big change and Reno’s debt dilemma.
3. The Mint
This website’s main aim is to tech kids about the importance of saving and debt. This is because The Mint believes that learning these money lessons is essential at an early stge. The website has different sections tailor-made for teachers, parents, teens and kids. There is something for everyone. All the games that can be played in this site revolve around earning, spending, saving and giving. A lesson on how money moves around is also imparted on this website.
4. Saving Quest
This site aims to teach kids how to save and reach their saving goals. When on this site, kids play a character that has to learn how to budget well, spend and save money. The money available for spending comes from jobs done and the savings. In simple terms, this website teaches kids how to save money to buy the things they want while still paying for the things they need.
5. Planet Orange
Planet orange is an interactive financial game designed for children between 1st and 6th grade. The kids join Cedric and Amy to learn about earning, saving, spending and investing. The game focuses on different features of money and the smart choices that one has to make in order to complete a mission.
These 5 website are great platform for kids to learn the aspects of financial management. Parents can choose one or more that they feel will benefits their kids the most.